Mixed-income apartment development on Lake Maggiore lands $50 million construction loan

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Mixed-income apartment development on Lake Maggiore lands $50 million construction loan

A 330-unit mixed-income apartment community coming to 6th Street South, just east of Lake Maggiore in south St. Pete, has landed a $50 million construction loan from First Horizon Bank.

The development was first announced in October 2021 and is being developed by Stoneweg US, a St. Pete-based investment firm specializing in multifamily acquisitions and developments.

The group purchased the 14.6-acre parcel, which was previously a mobile home park, in April 2021 for $6.4 million.

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Preleasing begins at downtown St. Pete’s newest apartment tower Ascent

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Preleasing begins at downtown St. Pete’s newest apartment tower Ascent

Pre-leasing has begun for downtown St. Pete’s newest luxury apartment tower, Ascent St. Petersburg, located at 225 1st Avenue North on northwest corner of 1st Avenue North and 2nd Street.

A leasing center is now open at 212 2nd Street North in a space formerly occupied by The Bula Barua Gallery.

The 36-story mixed-use development broke ground in December 2020, topped out in April 2022, and expects to begin moving in new residents by January 2023 with final construction completed by May 2023.

Soaring to a height of 378 feet, Ascent St. Petersburg will be the tallest apartment building in downtown St. Pete and among the tallest overall.

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Local developers propose 33-story apartment building in downtown St. Pete

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Local developers propose 33-story apartment building in downtown St. Pete

A 33-story apartment building has been proposed for downtown St. Pete on a 0.88-acre site owned by St. Pete-based developer Echelon.

The development is being planned for the northwest corner of 3rd Avenue South and 3rd Street, which currently consists of a three-story office building and adjacent surface parking lot. The ground floor of the office building was formerly home to the Aveda on 3rd Salon, which recently merged with J.CON Salon & Spa on 4th Street North.

The project is being led by Cody LeClair, Echelon’s Vice President of Development, who is following in his father’s footsteps, Echelon’s President and CEO Darryl LeClair.

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Bayfront Health unveils plans for 60,000 square foot Women's Pavilion in downtown St. Pete

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Bayfront Health unveils plans for 60,000 square foot Women's Pavilion in downtown St. Pete

St. Petersburg’s largest and oldest hospital, Bayfront Health St. Petersburg, has unveiled plans to construct a three-story, 60,000 square foot Women’s Pavilion, the company announced last week.

The new state-of-the-art outpatient complex will be built at 700 6th Street South on the east side of the hospital’s 480-bed downtown St. Petersburg campus. Construction will involve the demolition and relocation of the hospital’s Family Care Center which is currently home to Bayfront Health St. Petersburg’s residency programs.

Bayfront Health has partnered with Women’s Care, a Tampa-based specialty women’s health physician group, to bring the new facility to life. Women’s Care operates a network of over 100 locations, where they perform more than 2.4 million annual patient encounters and deliver more than 23,000 newborns a year.

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17-story apartment building breaks ground in St. Pete’s Echelon City Center

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17-story apartment building breaks ground in St. Pete’s Echelon City Center

A new apartment building is under construction at Echelon City Center, a master-planned development, in the Carillon business park of St. Pete.

Earlier this year, St. Pete Rising reported on a 17-story apartment building planned for a 1.88-acre site, dubbed “Site9,” at 221 Main Street North.

After completion site preparations earlier this year, a tower crane has been erected on site and vertical construction is ready to begin.

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Artist lineup and mural locations revealed for St. Pete’s eighth annual SHINE Mural Festival

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Artist lineup and mural locations revealed for St. Pete’s eighth annual SHINE Mural Festival

From cooling temperatures to early sunsets, pumpkin patches to pumpkin spice lattes, there are numerous things that signify fall in the Sunshine City. But our most anticipated sign of fall is the SHINE Mural Festival, which takes place every October on the streets of St. Pete.

The SHINE Mural Festival returns for its eighth year on October 14-23, 2022. The internationally recognized street art festival will bring 15 new murals to the art districts and surrounding neighborhoods of St. Petersburg’s downtown, adding to more than 100 SHINE murals that already exist.

The 2022 artist lineup features seven international artists, one national artist, and seven Florida artists.

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14-story mixed-use development at 900 Central Avenue to seek final approvals

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14-story mixed-use development at 900 Central Avenue to seek final approvals

Revised plans will soon be submitted to the city for a new mixed-use development at 900 Central Avenue in St. Petersburg’s EDGE District.

In May 2021, the site plan for the project, including floor area ratio (FAR) and height bonuses, were administratively approved by the City’s Development Review Services Division. The developer is now seeking final approval by the Community Redevelopment Agency (CRA).

Houston-based The Dinerstein Companies is under contract to purchase the site, which is currently owned by Silver Sands GND, LLC, an entity managed by St. Petersburg resident Dr. Anthony Aboud. Terms of the sale were not disclosed.

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92-unit townhome community Terraces at 87th launches sales and breaks ground in north St. Pete

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92-unit townhome community Terraces at 87th launches sales and breaks ground in north St. Pete

A neighborhood of 92 townhomes broke ground recently at the corner of 4th Street North and 87th Avenue in north St. Petersburg.

Terraces at 87th, which was announced on St. Pete Rising in June, will be built in four phases with the first phase scheduled to be delivered to buyers in 2023.

Also, as of today, sales have officially launched for the new community. Pre-construction pricing starts in the $800,000s.

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16-story apartment building proposed for 4th Avenue North in downtown St. Pete

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16-story apartment building proposed for 4th Avenue North in downtown St. Pete

A 16-story apartment building has been proposed for a vacant lot at 747 4th Avenue North in downtown St. Pete. The building is planned for a 14,177 square foot lot that abuts I-375 and previously had proposals for a seven-floor condominium building and a less dense townhome project.

The plans were filed on behalf of Commercial Street Partners, a full-service real estate development firm based in Rochester, New York.

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City of St. Petersburg releases RFP for 86-acre Tropicana Field redevelopment site

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City of St. Petersburg releases RFP for 86-acre Tropicana Field redevelopment site

This morning, the City of St. Pete released a new request for proposal for the redevelopment of the 86-acre Tropicana Field site, which is now being referred to by its historical name—the Gas Plant District site.

In June, Mayor Ken Welch recommended the process re-start after not selecting two finalists – Midtown or Sugar Hill – that were narrowed down under the previous mayoral administration.

The decision to re-start the request for proposal process for the redevelopment of Tropicana Field did not come lightly and follows a 15-year journey that began in 2007 when the Tampa Bay Rays announced a proposal to build a new stadium on the downtown St. Pete waterfront.

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